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IBCA vs VBCA

iShares iBonds Dec 2035 Term Corporate ETF

IBCABNYSE Arca

Vanguard Target Maturity 2027 Corporate Bond ETF

VBCAANasdaq

Overlap

No data

Expense ratio

VBCA −0.02pt a year

IBCA0.10%VBCA0.08%

Avg volume · 30D

IBCA 10.6×the volume

IBCA163KVBCA15.4K

IBCA vs VBCA Performance

Aug 7, 2026 – Nov 9, 2026

−0.8%IBCA+0.8%VBCA

Aug 7, 2026 to Nov 9, 2026. IBCA −0.8%. VBCA +0.8%. Use the arrow keys to read each point.−4%−3%−2%0%Aug 2026Sep 2026Nov 2026
Expense ratio
IBCA 0.10%
VBCA 0.08%, better
Fund size
IBCA $495M
VBCA $65M
1Y total return
IBCA −0.3%
VBCA No data
Yield (12M)
IBCA 4.95%
VBCA No data
Holdings
IBCA 415
VBCA 622
Avg volume (30D)
IBCA 163K sh, better
VBCA 15.4K sh
NAV per share
IBCA $24.57
VBCA $75.33
52W range

ETF.net Grade

IBCA: Cost 50, Risk 25, Mission 86, Tradability 44, Holdings 70, Durability 53. VBCA: Cost 89, Risk 60, Mission 100, Tradability 34, Holdings 82, Durability 51.
Pillar letters and Scores for IBCA, VBCA, with each pillar’s weight
PillarIBCAVBCA
Cost30% weightC50A89Higher
Mission25% weightA86A100Higher
Risk15% weightD25B60Higher
Tradability15% weightC44HigherD34
Holdings10% weightA70A82Higher
Durability5% weightC53HigherC51

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IBCA and VBCA are both graded against the same 42 Defined-Maturity Investment Grade Corporate funds, so their Grades compare head to head.

Defined-Maturity Investment Grade Corporate⁠

Category · 42 funds
See all 42 ›

VBCA ranks 4th and IBCA 28th of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

  1. Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 81
  2. Rank 2AVBCCVanguard Target Maturity 2029 Corporate Bond ETFScore 78
  3. Rank 3AIBDTiShares iBonds Dec 2028 Term Corporate ETFScore 77
  4. Rank 4AVBCAVanguard Target Maturity 2027 Corporate Bond ETFScore 76
  5. Rank 5AVBCDVanguard Target Maturity 2030 Corporate Bond ETFScore 75
  6. Rank 27BVBCHVanguard Target Maturity 2034 Corporate Bond ETFScore 57
  7. Rank 28BIBCAiShares iBonds Dec 2035 Term Corporate ETFScore 56
  8. Rank 28BIBDXiShares iBonds Dec 2032 Term Corporate ETFScore 56

Our read on each fund

ETF.net Research

IBCABiShares iBonds Dec 2035 Term Corporate ETF

VBCAAVanguard Target Maturity 2027 Corporate Bond ETF

In short

IBCA A single rung near the long end of the corporate bond ladder: IBCA holds a basket of investment-grade corporates all maturing in 2035, pairing a bond's defined maturity year with an ETF's diversification.

VBCA Vanguard showed up late to the bond-ladder aisle and priced it accordingly: one rung of investment-grade corporate bonds, all maturing in 2027, wrapped in an ETF at 0.08%.

Stated mandate

IBCA The fund seeks to track an index of investment-grade corporate bonds maturing in 2035, offering income potential and a defined-maturity bond-ladder strategy.

VBCA The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2027.

Why people hold it

  • IBCA Defined maturity is the whole point: only investment-grade corporates maturing in 2035, so it works as one rung in a build-it-yourself ladder.ishares.com
  • About 400 bonds dilute any one issuer's credit trouble, and income arrives monthly.
  • Costs 0.10% a year, in line with the typical target-maturity bond fund, and it has stayed close to its Bloomberg December 2035 Maturity Corporate Index.
  • Lands in the upper half of a crowded target-maturity bond field, with no structural quirks flagged in how it is built.
  • VBCA At 0.08%, it undercuts the target-maturity norm, where iShares iBonds and Invesco BulletShares rungs run 0.10%.
  • Its bonds are scheduled to mature between January 1 and December 15, 2027, and the index has a planned liquidation around that date, so duration winds down instead of resetting forever.sec.gov
  • Market-weighted and investment-grade only: a single maturity year spread across the US corporate market rather than a handful of hand-picked bonds.
  • Stands among the stronger implementations in a crowded target-maturity group, on cost and portfolio discipline.

Worth knowing

  • IBCA A 2035 finish line means years of interest-rate sensitivity: prices swing more than short-dated rungs when yields move.
  • Launched in 2025, so the track record is thin, and trading is moderate rather than heavy. Limit orders earn their keep.
  • Matched on fee, not cheapest: IBTJ (0.07%) and VBCB (0.08%) undercut it, though they cover different maturity years and, for IBTJ, Treasuries.
  • VBCA Launched in 2026 and still small, it trades thinly; spreads can be wider than on established bond ETFs.
  • Corporate credit, not Treasuries: downgrades and defaults come with the territory. Treasury-only rungs such as IBTJ sidestep that risk.
  • Short operating history, so there is limited data so far on how closely it tracks its index.

Full IBCA profile⁠

Full VBCA profile⁠

IBCA vs VBCA Holdings

How IBCA and VBCA differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile89.5%
  • Asset classBonds100%

Sector

IBCA and VBCA share no Sector name, so they cannot be compared by Sector.

Country, concentration and asset class

Country by domicile

Country weights in IBCA and VBCA, widest gap first
CountryMore in IBCAMore in VBCAGap
United StatesIBCA +8.9 points
United KingdomVBCA +4.4 points
CanadaVBCA +2.6 points
JapanVBCA +1.2 points
SpainVBCA +0.8 points
MexicoIBCA +0.7 points
Other countries (13)VBCA +0.8 points

Concentration

Weight in the 10 largest Holdings

  • IBCA9.1%
  • VBCA5.7%

Securities held

  • IBCA414
  • VBCA618

Asset class

IBCA
Bonds
VBCA
Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IBCA holds 414 securities, VBCA 618.

All 414 IBCA holdings⁠All 618 VBCA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IBCA vs VBCA Cost

Overpaying IBCA vs VBCA

$417

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IBCA 0.10%

    $2,106

  • VBCA 0.08%

    $1,689

$10,000
30 years

Cost over time

  • IBCA 0.10%
  • VBCA 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530IBCA $2,106VBCA $1,689

Year by year

YearIBCAVBCAOverpaying
10$183$147$36
20$717$575$142
30$2,106$1,689$417

Expense ratio

  • 0.10%IBCA
  • 0.08%VBCA, cheaper
  • Middle half of Defined-Maturity Investment Grade Corporate funds
  • Median 0.10%

VBCA cheapest of 42 funds

IBCA 11th cheapest of 42 funds

IBCA vs VBCA Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
IBCA 4.95%
VBCA No data
Payout (12M)
IBCA $1.22
VBCA No data
Last payment
IBCA $0.10
VBCA $0.25
Ex-dividend
IBCA Nov 2, 2026
VBCA Nov 2, 2026
Paid on
IBCA Nov 5, 2026
VBCA Nov 4, 2026
Frequency
IBCA Monthly
VBCA Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

IBCAMonthly · 19 paymentsAll IBCA payments⁠
One bar per payment. 19 payments from 2025 to 2026 YTD. May 1, 2025 $0.04; Jun 2, 2025 $0.11; Jul 1, 2025 $0.10; Aug 1, 2025 $0.08; Sep 2, 2025 $0.10; Oct 1, 2025 $0.10; Nov 3, 2025 $0.10; Dec 1, 2025 $0.10; Dec 19, 2025 $0.10; Feb 2, 2026 $0.10; Mar 2, 2026 $0.10; Apr 1, 2026 $0.10; May 1, 2026 $0.10; Jun 1, 2026 $0.10; Jul 1, 2026 $0.10; Aug 3, 2026 $0.10; Sep 1, 2026 $0.10; Oct 1, 2026 $0.11; Nov 2, 2026 $0.10. Use the arrow keys to read each point.$0$0.252026YTD
VBCAMonthly · 7 paymentsAll VBCA payments⁠
One bar per payment. 7 payments from 2025 to 2026 YTD. May 1, 2026 $0.08; Jun 1, 2026 $0.24; Jul 1, 2026 $0.24; Aug 3, 2026 $0.25; Sep 1, 2026 $0.25; Oct 1, 2026 $0.24; Nov 2, 2026 $0.25. Use the arrow keys to read each point.$0$0.252026YTD

IBCA vs VBCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IBCA 5.0%since Apr 2025VBCA No data
Return per unit of riskSharpe ratio, 3 years
IBCA −0.20since Apr 2025VBCA No data
Worst fallMax drawdown, 5 years
IBCA −5.7%since Mar 2025VBCA No data
Market sensitivityBeta, 5 years
IBCA 0.14VBCA 0.04

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